Rent to Own Homes in Texarkana

Many families living in Texarkana are served by the Texarkana Independent School District. The district consists of seven elementary schools, one middle school and one high school. Texarkana Independent School District also offers an early education center, an early literacy center and an alternative high school program. Higher education opportunities are provided by Texas A&M University-Texarkana and Texarkana College. Residents of Texarkana are well-connected to cities near and far. The Texarkana Loop is a major roadway that connects Texarkana, Texas with its sister city in Arkansas. The Texarkana Regional Airport and the Texarkana Union Station transport residents longer distances via air and rail. Revitalization efforts are currently underway in downtown Texarkana. Projects are being initiated to increase the walkability of the downtown area so that residents can admire Texarkana’s unique mix of historical features and modern elements.

Buying vs. Rent to Own Homes

Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.

Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.

To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.

Rent to Own Realtors

Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.

Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.

So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.

About Our Listings

When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.

While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.

When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.